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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2017
OPERATING ACTIVITIES      
Loss for the year $ (16,776) $ (41,024) $ (590,371)
Add items not affecting cash:      
Depreciation 235 347 535
Interest expense 8,355 18,414 367
Unrealized foreign exchange gain (loss) 13 (65) (324)
Share of joint venture expenditures 595    
Loss on assets held for sale   2,305  
Gain (Loss) on fair value of convertible debt derivatives 2,732 (3,726) (2,081)
(Gain) Loss on marketable securities (609) 105  
Deferred tax expense 106 0 1,656
Stock compensation expense 787 77 1,144
Impairment charge     589,162
Net change in non-cash working capital (390) 209 2,533
Net cash flows from (used in) operating activities (4,952) (23,358) 2,621
FINANCING ACTIVITIES      
Share issuance - warrant exercise 1,783    
Proceeds from issuance of equity 25,024 19,882 88,774
Equity issuance costs (1,876) (2,562) (7,210)
Cash received from sale of Maseve   62,000  
Cash proceeds convertible note     20,000
Costs associated with convertible note   (95) (249)
Convertible note interest paid (687)    
Cash proceeds from debt 20,000 10,000 5,000
Costs associated with debt (228) (866) (224)
Sprott principal repayments   (50,000) (5,000)
Sprott interest paid (73) (3,401) (3,938)
Repayment of Liberty debt and production payment termination (41,023) (23,163)  
Interest capitalized on debt proceeds     67
Cash received from Waterberg partners 3,522 2,756  
Net cash flows from (used in) financing activities 6,442 14,551 97,220
INVESTING ACTIVITIES      
Proceeds from partial sale of interest in Waterberg   16,124  
Fees paid on asset held for sale   (1,000)  
Transfer to restricted cash (Waterberg)   (5,000)  
Expenditures from restricted cash (Waterberg) 126 4,874  
Investment in Lion Battery (554)    
Acquisition of property, plant and equipment     (134,488)
Cash received from sale of marketable securities 7,951    
Proceeds from the sale of concentrate   2,016 16,609
Performance bonds 19   (600)
Waterberg exploration expenditures (6,990) (9,125)  
Net cash flows from (used in) investing activities 552 7,889 (118,479)
Net decrease in cash and cash equivalents 2,042 (918) (18,638)
Effect of foreign exchange on cash and cash equivalents 491 521 5,602
Cash and cash equivalents, beginning of year 3,017 3,414 16,450
Cash and cash equivalents, end of year $ 5,550 $ 3,017 $ 3,414